A+ looking setup, couldnt miss it. Market started off a little shaky and i wasnt sure i was going to get this trade but we slowly found strength and so did etsy. Got a starter on new 1min high, then added more on break of pmkt high into the HTF breakout zone. I could not see a way to add more around 60. We didnt cleanly hold it and the tape was not that obvious. We had huge buyers come in but I kept seeing us dip lower, then get bought up, and dip again, then not see any buying at highe prices around 60. Then SPY also failed at HOD and i said if it isnt clearly obvious, its not worth it so i didnt press. obviously a huge runner and I did purchase calls once we got above 60 the 1st time. Expecting those to hit 2$ if we get to 70$
1st exit was at 1ATR + upper TL touch + past HTF level + SPY. Good exit imo, i took off 75% instead of 50% because of market conditions. Last partial exit was as it started getting vertical and volume getting bigger, not parabolic, but showing signs of it beign close enough, was enough for me to look to get out. Not to mention every upper TL break.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-04 10:16:06 | ETSY | buy | $59.380 | long |
2020-03-04 10:16:07 | ETSY | buy | $59.380 | long |
2020-03-04 10:16:15 | ETSY | buy | $59.550 | long |
2020-03-04 11:07:59 | ETSY | sell | $60.640 | long |
2020-03-04 12:07:56 | ETSY | sell | $62.230 | long |
2020-03-04 12:07:57 | ETSY | sell | $62.230 | long |
2020-03-04 12:07:57 | ETSY | sell | $62.230 | 0 |
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